Hancock Whitney Corp (NYSE:HWC) – Equities researchers at Jefferies Financial Group reduced their FY2018 earnings per share (EPS) estimates for shares of Hancock Whitney in a note issued to investors on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now forecasts that the company will post earnings of $4.01 per share for the year, down from their previous estimate of $4.06. Jefferies Financial Group also issued estimates for Hancock Whitney’s Q4 2018 earnings at $1.13 EPS.
A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Tuesday. Raymond James downgraded Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a research report on Monday. FIG Partners upgraded Hancock Whitney from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 6th. Finally, Stephens set a $59.00 price objective on Hancock Whitney and gave the company a “buy” rating in a report on Wednesday, October 17th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.75.
Hancock Whitney (NYSE:HWC) last posted its earnings results on Tuesday, October 16th. The company reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $289.71 million during the quarter, compared to analysts’ expectations of $292.73 million.
Several hedge funds have recently added to or reduced their stakes in the stock. Copper Rock Capital Partners LLC purchased a new position in Hancock Whitney in the fourth quarter valued at about $13,233,000. Foundry Partners LLC purchased a new position in Hancock Whitney in the fourth quarter valued at about $20,990,000. Finally, Retirement Systems of Alabama purchased a new position in Hancock Whitney in the fourth quarter valued at about $3,826,000.
In other news, insider Cecil W. Knight, Jr. acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The stock was purchased at an average cost of $41.41 per share, for a total transaction of $62,115.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Wednesday, December 5th were issued a $0.27 dividend. The ex-dividend date was Tuesday, December 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.87%.
Hancock Whitney Company Profile
Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.
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